MONVID: AN INTEGRATION OF BLOCKCHAIN TECHNOLOGY IN VIDEO STREAMING

From the advent of technology, man has sought for ways to make life easier and better to ease the stress of having to go through rigorous process to make this work. The internet which is one of the best means of communication and dispersion of information seem to be the birth place for most innovations that we have seen today. With the internet, we can now successfully make fast peer to peer transactions (mobile banking, blockchain technology etc), buy goods from our comfort zones (e-commerce), source for books and materials (google, e-library etc), book for a ride or hotels (uber, Bnb etc), video stream (youtube, monvid etc). All these and many more only became possible with the advent of technology and the internet. Today, we will be looking at video streaming, the various challenges facing it and the solution to these challenges.

Video streaming has long been in existence since the days of Realplayer and 25kbps video and since then there have been a lot of innovative ideas that has transcended it from most limitations into an easier and faster platform. However, despite the high level of advancements and innovations over the past two decades there are still limitations and specific bottlenecks that the video streaming industries continuously face and these challenges are highlighted thus:

1. The conventional video streaming industries have experienced a major increase in their video resolutions, broadband and streaming. This increment has posed a number of challenges due to bandwidth crunch
2. The conventional video streaming platforms are not reliable in that some countries place restrictions on the sites that can be streamed.
3. Piracy has eaten deep into the video streaming industries that content makers have little or no value for their content and there seem to be no law governing this in many developing countries of the world.
4. The payment for most videos and content is usually done in fiat which is a huge restriction as payments with credit cards is mostly not easily transparent and can be declined at any point in time. In worse cases, transactions may take a long time to be checked and cleared.
   

MONVID: THE SOLUTION TO CONVENTIONAL VIDEO STREAMING PLATFORM

1. DECENTRALIZATION
   Earlier I mentioned a very difficult challenge that conventional video streaming platform encounter, which is the unreliability. Monvid solves this problem by creating a platform that bypasses any restrictions that can be encountered whenever the conventional video streaming platform is used. This is made possible by the use of a decentralized mechanism that allows users create a bridge between the platform and their device at any point in time and at any location. The beauty of this decentralized platform is that it provides maximum security also because only stream packets are accepted. Therefore, monvid provides a free, secured and transparent platform which by far outweighs any conventional video streaming platform.

2. PRIVACY
   Privacy is highly important for every platform that require users information. It is in lieu of this that the monvid platform ensures privacy of data with the use of the decentralized Blockchain technology that guatlrantees privacy of users data. The decentralized platform ensures that no one or third party or central server can control any transaction or information on the platform. All information are encrypted and can't be altered by a third party.

3. ZERO ADVERTISEMENT
   If you are conversant with video streaming you will understand how this puts off a lot of people. Not only are these ads irrelevant, sometimes they are so long that they consume a whole lot of data. Monvid is the next stop to good and secured video streaming with zero interference from advertisement. Now users can get the value for their money as unsolicited advertisement cannot run on the monvid platform.

HOW IT WORKS
Peer to Peer Video Sharing
The peer to peer video sharing platform works in a way that content creators can upload their videos at no cost for the viewing pleasure of the community. This can benefit content creators directly because they get paid by community members after their work has been viewed and rated. However, this incentive is largely dependent on the quality of the content uploaded by the creators. The monvid platform offers the entire community a transparent, flexible and private streaming service as opposed conventional streaming platforms that is public and non flexible.

For more information on MONVID project plese visit
Official website: https://monvid.io
Whitepaper: https://monvid.io/docs/white-paper.pdf
Telegram: https://t.me/monvid_io
Announcement: https://bitcointalk.org/index.php?topic=4390570.msg39103135#msg39103135
Twitter: https://twitter.com/monvid_io

Writer: promudy
Bitcointalk username: promudy
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=20503451